If you’ve been mulling over a gold investment for a while now, the impeachment proceedings surrounding President Donald Trump and subsequent market uncertainty are yet another point in favour of gold as a safe haven asset.

In times of crisis, gold has historically been a safe port of call – it has thrived this year as markets have been hit by blow after blow, from the China US trade war to Fed interest rate cuts, economic policy changes, Brexit drama and a global geopolitical and economic tensions. With confirmation this week that impeachment proceedings are now being considered, markets once again face more uncertainty and investor unease.

The 45th President of the United States said (via Twitter) “the markets would crash” if he is removed from office, with Forbes reporting he warned that ousting him from the White House would leave everybody “very poor” in previous comments.

A damning transcript released by the White House on Thursday seems to show that President Trump did in fact ask a foreign nation to investigate former Vice President Joe Biden so it looks likely that impeachment talks will ratchet up further in the next few days. Investor unease stems from what happens next as this could have serious long term consequences.

While there hasn’t been an immediate knee-jerk reaction, the markets fell after his speech at the UN at the start of the week due in part to his jibes at China. The talk of impeachment leaves markets with longer term issues and uncertainty because it weakens the bargaining position with China and is likely to mean the trade war will drag on with no end in sight for some time to come.

Impeachment would also effectively end President Trump’s political career and worryingly for markets, front running Democrat, Elizabeth Warren who is waiting in the wings is widely tipped as the next Presidential candidate. Wall Street Journal says, “Investors rightly fear that Ms. Warren would be a disaster for stocks in the short run, with promises to break up the big internet companies and impose a wealth tax on the superrich. She is no friend of free trade, either, so there is little prospect of a swift China deal if she wins.”

Only three US Presidents have ever been impeached making this a bombshell event. In such uncertain times, gold thrives with its safe haven appeal shining even brighter for investors – buy now before we sail into unchartered waters.

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